ASHLEY, Ind. (AP) — A company that converts scrap plastic into fuel has announced plans to build a production plant in northeastern Indiana, creating 136 jobs by 2019.
The Indiana Economic Development Corp. said Tuesday that RES Polyflow LLC will invest $182 million to build and equip an 80-acre plant next to Interstate 69 in Ashley, about 30 miles north of Fort Wayne.
The IEDC says the Perry, Ohio-based company plans to initially convert 100,000 tons of scrap plastic into 17 million gallons of ultra-low sulfur diesel and gasoline blend stocks per year. It expects to more than double production once the plant is fully operational in 2021.
The IEDC offered RES Polyflow up to $900,000 in conditional tax credits and up to $100,000 in training grants based on the company's job creation plans.